Note 16 - Subsequent Event
|9 Months Ended|
Sep. 30, 2018
|Notes to Financial Statements|
|Subsequent Events [Text Block]||
October 2018,the Company entered into interest rate swap agreements for the purpose of providing protection against increases in interest rates, which might lead to higher interest costs on the Company's debt that bear interest at a floating rate. These agreements hedged
$11.0million of debt incurred by Seacor
$130.0million syndicated credit facility incurred by SMFH. The Company is currently evaluating the swap agreements for hedge accounting effectiveness.
September 30, 2018,the Company sold
fast support vessels and
twoliftboats for gross proceeds of
$8.2million and a net gain of
$7.0million of such gross proceeds were used for the repayment of existing indebtedness.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef